Indianapolis Times, Indianapolis, Marion County, 28 August 1944 — Page 7
land Golf and ay. The event ie Star. 151-yard 11th | settled 3 feet e target. His ts werg off the
for the raine irnished by Willowbrook. His the pin two ound, tore turf » container and 25 feet 6 inches, n the prize list. wrth and fifth
ki?
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Buy AR BONDS First
ot DS >
\CK LABEL
sky, 86 Proof. whiskies In this 57 months or 10% stralght 0 grain nevirel its.
ile in Kentucky
- tucky oil” well income. . . . Indiana
‘at 6:30 p. m. Tuesday at the Hotel
‘Anti-Trust Sult \nvoling: Sale of - Indiana Utility’s Bonds Expected
seen By ROGER BUDROW -; ANOTHER BIG ANTI-TRUST SUIT REPORTEDLY is
in the making, something of
the size of the western rail-
" road case which the government instituted last week.
This one will interest a good many people in this area
who might not otherwise pay it revolves about the bonds Service Co. of Iidiana.
Let me hasten to add that the bonds themselves are not in question. It was the way they were sold. It all Bappened about four ‘years ago. The utility sold the bonds to a group of underwriters, who, in turn, undertook to sell them to the public. Frankly, they didn't sell very well at the time, Naturally, the undegwriters wanted to sell the bonds so they could get their money out of the deal, So they cut prices. Those who cut their prices immediately got in trouble with fellow members of the underwriting syndicate because they had agreed not to do such a thing for a certain length of time. The price-cutters, therefore, were fined by the National Association of Security Dealers, Now when the Securities & Exchange commission looked into the affair, the justice department stepped in also and said the N. A. 8. D. overstepped its authority In doing such a thing as fining its members for price-cutting. Well, should a group of underwiiters stick together when it's hard to sell a certain security issue and not cut the price on each other, or should they be allowed to reduce prices to a level where it will be bought and thus enable them to wind up the deal? This is the major question the suit, if it is filed as expected, will settle. 1” » » BILL JACK, colorfiil head of Cleveland's Jack & Heintz war
plant, didn't under estimate his “associates” (employees) Ahen he bragged that they buy $15
million worth of stock inj the company. The offering was oversubscribed by $3 million. Most employeés subscribed, the average pur-
keep more profit (cause of the whole deal), and provide money for post-war expansion,
” - » ODDS AND ENDS: Moie Cook, former member of the Indiana public service commission, has bought Kain's truck lines of Logansport, Ind, . . . Stewrt-Warner's backlog of orders has been cut more than 85 per cent since the beginning of the year, because of war contract cancellations; but new orders have reduced the cut to 28 per cent, ac-
craft; talk is that he is pep up profits of TWA, the airline in which he owns considerable in ro BT De aideratle. tn Co. of Chicago is getting $75,000 & month from 21 Oklahoma oil wells it owns; Fox Deluxe Co. of Marion, Ind. shares in Ken-
g
bankers are urging the election of Charles B. Enlow as vice president of the American Bankers association. He's president of Evansville's National City bank and one of the principal owners of the Evansville Courter.
DR. SPOLYAR TO SPEAK Dr. Louis W. Spolyar, director of the industrial hygiene division of the Indiana State Board of Health, will be the speaker before the Chamber of Commerce Industrial Safety Club at a dinner meeting
Lincoln. Dr, Spolyar will talk on industrial diseases,
LOANS ==
Oldext 14 Leis he sia State
146 E. WASH
‘The CHICAG BUSINESS DIRECTORY
much attention to it, because of an Indiana utility, Public
OPPOSE SURPLUS
BILL MEASURES!
Treasury Objects to Use Of Sales Receipts on _U. S. Debt.
WASHINGTON, Aug. 28 (U, P..
FIL 01 |
man Robert L. Doughton (D. N. T.) of the house ways and means committee.
than reducing the debt, the proposed legislation would “merely require an earmarking operation which wduld complicate, rather than simplify, the financial operations of the government.” . Bell pointed out that under
present law proceeds from surplus,
sales would be covered into the treasury—and that the proposed legislation would not result in any greater reduction of the debt than would normally occur. Baying that the treasury recommended that the bill not be enacted, Bell said, “the fundamental objection to the bill is that it would not and could not accomplish its apparent objective—to reduce the debt below what it would be in he absence of its enactment.” Bell cited the act of March 3, 1881, authorizing the secretary of the ‘treasury to apply any surplus money in the treasury, not otherwise appropriated, to purchase or redemption of U. S. bonds. He told Doughton that the treasury anticipates adoption after the war of an over-all policy with respect to debt reduction, and said that the treasury, therefore, recommended that no special legislation, such as the proposal to reduce the debt through surplus property
-i sales, be enacted at this time,
SEEK POSTOFFICE BRANCH QUARTERS
Proposals for furnishing of quarters for three stations of the post-
office department will be considered |!
until Sept. 20, it “was announced today. Quarters "being sought are for! the 42d st. station, now located at} 4205 College ave. station A, now| located at 52-54 W. 32d st, and the E. Michigan st. station, now! situated at 2730 E. Michigan. Each property must have adeGQuate basement area for heating plant-and fuel storage and for the
42d st. station, 5100 square feet!
first floor space; for station A, 3500 square feet first floor space, and for the E. Michigan station, 4400 square feet first floor space.
To secure data and forms for
entering a proposal, owners must write to H. C. Rumble, postofice! —— Cincinnati, 1, eA as YOO COROT, 1,0.
'
|
on on Everything!
Diamonds, Watche Watches Musical instruments, Cameras Clothing, Shotguns, Ete.
JENELRY
- Inc. INGTON ST.
WE Buy Diamonds |
HIGHEST CASH PRICES
STANLEY Jewelry | Go.
13 W. Wash, Lincoln Hole)
PEARSON'S
128 N. Penn. LI-5513
FURNTIVEE 4 : PIANOS BAND TRUMENTS RECORD! S o SHEET MUSIC
OXYGEN THERAPY
This Equipment Can Be Rented at
HAAG'S
402 N. Capitol Ave.
Phone a 17008
Make Woodworking Your Hobby. Use
DELTA MOTOR DRIVEN TOOLS
RE-WEAVING
of MOTH HOLES-BURNS
ar WORN SPOTS LEON TAILORING CO. 235 Mass. Ave, {3th tiadie or
CHICAGO, Aug. 28 (U. P).= Contracts for the construction of experimental models of a postwar super bus, which will offer passengers sleeper accommoda~ tions and buffet and smoking lounge facilities, have been let to
Consolidated Vultee Aircraft Corp. and General Motors, O. 8. Caesar,
Greyhound vice president, announced today.
WASHINGTON, Aug. 28 (U. P.)
air transport, it was learned today.
PORKER PRICES STEADY HERE
7900 Hogs Received Today
With Top at $14.80 on 120 to 240 Weights.
Hog prices remained steady at the Indianapolis stockyards today with the top at $1480 on 120 to 240-pounders, the war food administration reported. Receipts included 7900 hogs, 1350 cattle, 725 calves and 675 sheep.
GOOD TO CHOICE HOGS (7900) 120- 140 pounds .............
| You Shoe Because We Save | Men's Suits & Overcoats
[iE HL 21" 24° ES
Greyhound's New
State, Justice Departments Oppose Airline Monopoly
have informed congress of their opposition to legislation to set up 2 monopoly airline to represent the U. S. abroad in post-war commercial
The two departments were said to have advised the senate com{merce committee that, in their opinions, a so-called chosen instrument In a letter, dated Aug. 9, just made public, Bell said that rather,
The new busses will be completed for road tests early next year if the program, which is dependent on wartime priorities, goes through on schedule, he said. Two different types of busses will be built, Consolidated Vultee Aircraft Corp. will manufacture models with air-cooled engines, and General Motors will construct diesel-powered models. Both types will have a seating capacity of more than 50 passen-
~The state and justice departments
would not be in the national interest and probably would run afoul the anti-trust laws. The opinions were requested in connection with a bill by Senator Pat McCarran (D. Nev.), to establish an All-American Flag Line, Inc, with a working capital in excess of $1,000,000,000. All transport agencies would be invited to purchase stock. The state department report, covered by a letter fromh Secretary of State Cordell Hull, was understood to have taken particular exception to a section which would prohibit the secretary of state from negotiating agreements for the benefit of | any other airline. Another controversial provision of the bill, it was said, was one providing that All-American Flag
behalf with foreign governments. |
THE INDIANAPOLIS TIMES _ — Post-War Super: Coach
~—Senator Walter F. George Ga.), renewed his fight to bring federal workers under social security today with a prediction that 40 per cent of all perscns on the federal payroll will be thrown out of work when the war in Europe ends. He made his new appeal as the house prepared to begin debate tomorrow on the entire question of for
A glimpse of the future in highway transportation is this model of Greyhound’s new post-war super bus.
gers, as compared with 41 in the cruiser type super coach. Seats will be divided into three compartments, one of which can be used as sleeper accommoda-
tions or as buffet and smoking
lounge. This section will also have toilet facilities. Use of plastics and larger curved window surfaces will give a new, modern streamlined appearance to the. super coach.
GEORGE SEES
40% 108 DROP
compartment
ONLY 2% OF MEN TO CHANGE JOBS
= One in 3000 Here Wants to
Keep Present Work
in Industry.
Only two per cent of the men in Indianapolis industries have expressed an intention of changing employers after the war, Joseph ' BE. Cain, chairman of the Indianapolis Committee for Economic Development, said today. The results of a recent survey of post-war intentions of industrial employees revealed that 98 per cent of the men intend to remain with their present employers or to. seek jobs in other industrial plants. A previous report indicated that 68 per cent of the women employed in industrial plants desired to continue working in industrial plants after the war. Result Surprising “In view of what has appeared
the “survey reper cent of the to leave indus-
“In this connection, however, I think the Yact should be explained again that approximately 10,000 persons are supposed to have left the Indianapolis labor market since the first of the year, and this may indicate in part that many of the
Predicts U. S. Employment oder and physically handicapped
‘Decrease With End of
European War, WASHINGTON, Aug. 28 (U. P.
unemployment compensation war workers, with prospects of
bitter floor fight between adminis« publicans {over the extent of such aid.
tration Democrats and
George Bill Debated Debate will center
(D.
around |
male industrial workers have retired or have sougnt other types of employment.” The staff that tabulated the
Armed Forces Use Portable Rubber Tanks
NEW YORK, Aug.-28 (U. P)~— Armed forces in combat areas now are utilizing portable synthetic rubber tanks for both transportation and storage of gasoline, oil, and aromatic fuels to insure an adequate supply of these materials at all times, the United States Rubber Co. announced today. The tanks, developed by the U. 8. Rubber Co., can ‘be set up or taken down in a very short space of time and are made of mildew-proof fabric coated with two types of synthetic rubber, one with a low diffusion rate and the other with high adhesive qualities.
month the committee will be in a position to convert the percentages being obtained from the survey of industrial workers into actual figures to show how many thousands of men and women will desire postwar industrial employment. He said the actual figures cannot be made available until a survey of industries is completed which will show how many men and women
,|were employed in industry in 1940,
in July of this year, and how many workers approximnately 800 industries expect to employ after the war,
U. S. STATEMENT
WASHINGTON, Aug. 28 ernment expenses and receipts for the current fiscal year through Aug. 25, compared with a year ago:
questionnaires said that only one
', man out of almost 3000 indicated a
from any type of work.
willingness to retire permanently months to June 30 net $4,856,296 vs. $5,032,424 previous 12! Mr. Cain said that within a months.
1215475 vs. $2,240,523 year ago;
(U. P.).—Gov-
This Year Last Year i ine Expenses .. 814.634.576.444 $13.542,345.820 | Standardize but to remove all in War Spend . 13.361,878.419 13,543.750.676 | centive to produce comsumer goods Receipts 4.372.671,724 4.433.140.084 ; 8 x . Net Def. 10,261.904.720 9.109,405,735 | PY doing away witl{*the profit mo Cash Bal 513. 83%; 607 7.100,236,237 tive entirely—all i the name or Work. 17,750.772,379 6,337.550.772 ; ; » Public Debt 210.986.495.412 147.730 835.244 | Under the guise of price control. Gold Res. .. 20.946,171,264 22,292,577,824¢
Household Finance Corp. and subsidiaries six months net income $2,12 income
Seeks Investigation Into ; Charges Against Price + Board. %
WASHINGTON, Aug. 28 (U. P) ~- Rep. Charles A. Halleck (R. Ind), today called on congress to investigate reports that the office of price administration has ignored congressional mandates in admifistering price control and is seeking to destroy the profit motive in production. He also called for review of the war production board's proposal to “force additional drastic cuts in the use of printing paper in the fourth quarter of the year.” It is time, he said, to ask the armed forces to “justify some of their demands” for paper.
Meeting Sought
In a letter to Chairman Lyle Boren (D. Okla.), of the subcommite tee on interstate and foreign commerce investigating newsprint and brand names, Halleck asked for an early meeting of the committee to investigate charges that the OPA: 1. Has violated the Taft amendment prohibiting restrictions in use of trade or brand names. 2. Has ignored congress “by arrogating itself the authority to control profits instead of prices.” 3. Apparently hopes “not only to
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.48 per bushel for No. 1 red wheat (other grades on their merits); oats, No. 2 white or No. 2 red, testing 32 Ibs. or better, 73c. No. § yellow shelled corn, $1.06 per bushel, and No. 2 white | shelled corn, $1.24.
Line could negotiate on its own
One ‘source, paraphrasing the con- | mittee amended to remove sections tents of the state department re-| for extending social security to fed- |
George's senate-approved bill which {the house ways and means com-
La 168 pounds . port, said “this would mean a trans- [eral workers, providing up to $200 100. 200 Sounds or fer of the conduct of foreign af-| to return war workers to their home 0. = pounds .. fairs in this respect to the corpora- areas and authorizing retraining of | 240- 210 pounds .. tion.” war workers at government expense. 270- 300 pounds .. ; Declaring that the government Jo- 3 bounds ... Fear Bill Conflict “won't remain a big employer” when | Medium The department also was report- | the war enters its concluding stages, | 160- 320 pounds ............ . Packing Sows ed to have raised the question of George said that 3,500,000 federal Good to Cholce— whether previous U. 8. experience employees would be one of the first 270 300 POUNAS ...eversevees [email protected] ab: had demons that large groups to feel the ax of un300+ 330 pounds .o.cevsvireve I 14.08 road a 3 trated al a 10 ent. He said the deleted 330- 360 POUNAS .eieverecesen 4.08 single airline is as efficient as sev-|SP.oyment. Xe s 360- 400 pounds 1008) might be in competition provisions of his bill should be re-! 400-430 pounds ......eeeeeee 1400024081 The justice department report, it instated in the house cr when the 450+ 550 POUDAS .eeeranseeses 33.9001408 ; measure goes to conference between Medium— was learned, raised the question of |, house and senate 230- 350 pounds ...... veraas + [email protected] | possible conflict between the Mc- = ae Ai tration | Slaughter Pigs Carran bill and the anti-trust laws. : Medium to choice d Democrats who opposed the state's 90- 120 pounds ............, [email protected] Opponents contend that under the rights unemployment compensation oe T « CATTLE (1359) bill's provisions, any U. 8. airline|festies of George's bill prepared Chote could ask for a restraining action |i, throw their support to an amendT00- 980 POUNAS ..ieneeeveeee 1150 11.5 against the monopoly if other lines ment by Rep. Emanuel Cellers (D. N.| 17.000 18.00 | Were kept out of the foreign fleld.|y) to increase the benefit pay17.00¢18.00f] Domestic airlines almost unani- ments with the federal government [email protected] | MOUsly oppose the chosen instru- footing the bill as part of the cost! J300- F100 pounds J306]1 0 ment or monopoly concept because |of the war. 1300-1500 pounds , is Ing 10 they contend, in the wards cf cne | Medium— iv " Toe 1100 pounds 12.00% 15.00 airline executive, “the end result | 1100-1300 pounds 1200G15.35| Would be that Pan American Stocks ' Common rea N . eo ° { 700-1100 pounds ............. $.506512.00 (Airways) would have control of a i Heifers ] j monopolistic instrument” with other High Low Close Chee { Chotcem {participating lines in a “hopeless Amer Can 0% 91% 81% — 1» £00- 800 pounds ............. 16.00617.00 | oc ? - 800-1100 Pounds ......ereers 16 0017.00 minority position.” ra ss on I» Bh -» O20 pounds 14.509 18.00 Am Roll Mil. 13% 15% 13% - a 00 - } POUNGS ..vvveusvncns . {A T . 4 PR { 200-1000 pounds .......ve0e0. [email protected] LOCAL IS SSUES Am TET a a aren Medium— Am Water ... 97% 93% Lo . Nominal quotations furnished by Indi- , s 500- pounds ...... Veeeess 11.00014.50 A da W... 27 267 267 1 Conmort \ a anapolis securities dealers. Armour % eo Sa . ® . + 4 - pounds ............. . 11. .. 86 66% 86'% 4 Cows (all weights) Aaa In Cup com (|At Refining. \ 30% 29% Son — 4 GOO arene nian iran [email protected]|Belt R Stk Yds com Bald Loco et. Ne NW 3% '— 4 Medium ool eeneeieiia 9.75@1150 Belt R Stk Yds prd Ben nade. 1 10 lim -- 4 Cutter and COMMON +onrrr nos 6.75@ 9.75 | Bobbs-Merrill com. . .... Bene oor Slr fl Sle 4+ 0 CADDET wneennanronnnnrniiis 5.35G 6.75 | Bobbs-Merrill 413 pid {Borden +s TR NR -.N Cirel Caterpillar T.. 50% 49% 49% w= be Bulls (all weights) rcle Theater hilds Lo 35 3% 3s 4+ 1» Beel— Comwith Loan 5% Curtiss- -Wright. 53% 5% 5% .... Good (all weights) ......... [email protected] [Delta Elec com .............. Gen Electric... 38% 38 Bly = 3 Sausage— Host On Drug Co com .. 18 Gen Mills ..... me 110 10... GOOA ...iiiiiriiiniinnanns 223810. 23 Point 2 Ft. Wayne 7 17% pid, Siig... Goodrich ..... 51% 513; 51% = 3 Medittm .............ic.ea.. 7.75@ 9.25 [Ind & Mich Elec 7% pid. cen 10 soci [Goodyear ..... 487 483% 48% — 4 Cutter and common........ 3138 1.33 |Ind ee Tl 3% pd... 10312 106% Greyhound Cp. 22% 2% 223 + % ed >7@ ...:+!Ind Rayon . 38% 38% 38% + 3 . carves " tnd ’ &L pid lll W518 mt Harvester » 0% Tot zw ealers (all weights) = (0&8 & L com ....... rev 18% Johns-Man 98, 2 98 “eer {Good to choice .............. indinagels visi com... 14 © 13% |Kennecott L033 32% 3% +k {Common to medium ... *Indpls Water PN A ©, “19 [Kroger G&B .. 35% Ile IBY — Wy [CUS uvuienieneeivnaan eas Jeft Nat Life com . 1s 17 |-O-F Glass .. 52% 3% 524%... Feeder and Stocker Cattle and Calves Higosin, Joan Co Co Sus Loci ... 95'3 99 Jackhasd 4 Air... HR 83s 63's i Steers eR Mall ass ee 2 . [Nat Biscuit ... 23's 23 3% + % Choice— POR MADLY tae i ®|Nash-Kelv .... 16% ‘15% 16 .... 500- 800 pounds .......ce0.00 [email protected]% Nat Distillers.. 341 343 34Yy; 4 1 800-1050 pounds .....eeusee « [email protected] NY Central.. T19 18% 18% — 3% Good— wv, |Oliver Farm Eq 363 55% 56'2 + 1'a 500- 800 pounds ..... “tensa 10.00910.50 | ¢ Packard . . 5% 5% — 13 800-1000 pounds ...evsseseiee [email protected] pan Am Air... 247 34% 4 .... Medium-— ' nn . 20%: 29 0% + 5 500-1000 pounds ..... seeeenes [email protected] Phelps Dodge. 32% 1% Ru oe h Common— , ullman ....... 2 -— J 500- 900 pounds ............. 7.308 8.78 |30k0y Brag peta 108% sous Pure Oil ...... 18% 18% 15% — ia Calves (steers) United Tel Co 5%.. on ee Repub — B rity ne ne a Good and Choice— Union Title com 33 28 55cony-Vacuum HN SE EL 500 pounds AOWR ee.eviniiven [email protected] {South Pac .... 28% 28% 28%, <4 13 Medium— Std O Cal .... 36% 36% 36% — la 500 pounds dOWR ............ 5.00012.28 {6012 Wins'w RR 4late...... 00 Std Oil (Indi.. 33% 32 32% + 1 Calves (heifers) American Loan 5s 46........ 99 101 Std Oil (NJ). 541 54 Rl. Good and Choice— Ch of Com Bldg 4%4s 8i...... 86 so 20th Cent Fox 25% 33% 25% + 500 pounds dOWD ........... [email protected] | Citizens Ind Tel 4s oi ren 103 108 US Rubber .... 4 30%. 30%" — Medium— Consol Fin 5s Si ve. 98 101 23 3 tee Bros |: 5 ‘s Ma ti Ne 2 500 pounds down ........... [email protected] | Ind Asso Tel co Ss 70 i108 Warner Bros... ) s § - Indpls P & L 3%s 70... 107 108 “York Corp .... 14% 14% 14% 4 1 _SHEEP AND LAMBS (635) Indpls Railways Co 5s 67..... 771 804 ZCUith Rad ... 41's 4llz dlls = 3 Ewes (shorn) Jndpls Waar Co 3's 68...... 108 109%: ACA DPROARTT okom 2 1 v Goimon to mean 111 190§ $30 | Kunner Packing Co 4 84... ss * ia | LOCAL PRODUCE uncie Water Works 5s 66....10 “rue hens, SPRING LAMBS N Ind Pub Serv has. 73... 10 ipsa) pHenYY breed hans, To, Leghorn d to choice .............. [email protected]{ InG lel 438 55........,.. 88 81 Broilers, fryers and roasters, under § Mediu 10 good . 4.00 | Pub Serv of Ind 3%s 73... 106% | bs. white and barred rocks, 7c; col. COMMON wvnvnvvennneenrnncnes 0.00 55 100 103 {ored springers, 25c; leghorn springers, 23c. ———— | Richmond Water Wks 8s 57...108 ..... Old roosters, 14 Ss ts RR 8 92 gs—Current receipts, 30c. Grade a ELI LILLY BUYS 1 ddan al EL el Butter — No. Soc. But - No. 1} 190-ACRE FARM : EE » | Sr Ef Lilly of Indianapolis nes OATS PRICES WEL REPAIR bought the 190-acre Woods Caperton farm, which adjoips his Con- OTHER GRAINS FIM ner Prairie farm near Noblesville, HEEL LIFTS ATTACHED > B making nearly 1100 acres the In-| CHICAGO, Aug. 28 (U.P.)—Oats v dianapolis pharmaceutical manu- | ruled relatively easy and other facturer owns in that area. grains firm on the Board of Trade } The property was acquired from |ioday. By mid-session September Mrs. Sue Evans Caperton, widow of | wheat eased slightly and oats deWoods Caperton. veloped a mixed trend. . ena eni———————— 1 i McWilllams Dredging Co. six a a m. wheat was off 1§ to | months net profit $20,402 or-11 cents| | cent a bushel; cats oft % to oo ing to call a share vs. $103,027 or 54 cents year|UP 4 cent; rye up % to 1 cent, Re and barley off 4 to quoted upd |] Please cant . / Prices moved within a narrow : range in all pits today with sales "FASTEST SHOE REPAIR largely confined to small quantities. r TOWN >
Yes. Dndeed. .. YOU, TOO, CAN HELP
Share your Party-Line—If everyone on a party-line would co-operate—make thoughtful and sparing use of the telephone—then everyone would have good service. It’s another
way to “share and share alike on the home front.
Most families have Party-Line Service —The increase in party-line telephones is a wartime necessity. At present some 4 out of 3 families who have telephone service are on party-lines. Existing telephone equipment has been made to serve more people, because the materials needed to build more lines have gone to the fighting fronts.
Some Neighborly Suggestions
V Explain the proper use of party-line telephones to children.
If you have several calls to make, remember to allow a Tittle time between calls. .
Avoid interrupting when someagne else is using the line. With a dial telephone, listen for the “all clear” hum-m-m.
Keep conversations reasonably brief—-someone may be wait ia
out—or in—on your | fine.
Vv Sabor eee sn le
“-
INDIANA BELL TELEPHONI A